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AI Analysis of LEA
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Stronger technical forecast for Lear Corporation stock price after Friday trading.
(Updated on Apr 26, 2024)

Buy or Hold candidate since Apr 24, 2024 Gain 0.96% PDF

The Lear Corporation stock price gained 2.24% on the last trading day (Friday, 26th Apr 2024), rising from $133.48 to $136.47. During the last trading day the stock fluctuated 2.69% from a day low at $133.07 to a day high of $136.65. The price has been going up and down for this period, and there has been a 2.07% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 56 thousand more shares were traded than the day before. In total, 697 thousand shares were bought and sold for approximately $95.15 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lear Corporation stock with a 90% probability to be traded between $132.89 and $149.48 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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LEA Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.61%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lear Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $139.35. On a fall, the stock will find some support from the short-term average at $133.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Lear Corporation stock

Lear Corporation finds support from accumulated volume at $135.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.58 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 1.97%.

Our recommended stop-loss: $129.67 (-4.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (LEA) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Lear Corporation to open at $135.40, and during the day (based on 14 day Average True Range), to move between $133.67 and $139.27, which gives a possible trading interval of +/-$2.80 (+/-2.05%) up or down from last closing price. If Lear Corporation takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $135.19 (0.94%) than the resistance at $141.66 (3.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Lear Corporation will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $3.04. We will update the financials statements for Lear Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.27% in the first trading day after earnings release.

Is Lear Corporation stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Lear Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.074 Buy Candidate Upgraded

Predicted Opening Price for Lear Corporation of Monday, April 29, 2024

Fair opening price April 29, 2024 Current price
$135.40 ( 0.786%) $136.47

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for LEA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 138.98 1.84 %
R2 137.61 0.83 %
R1 136.76 0.216 %
Current price: 136.47
Support S1 134.03 -1.79 %
S2 133.18 -2.41 %
S3 131.82 -3.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 144.38 5.80 %
R2 142.20 4.20 %
R1 141.66 3.80 %
Current price 136.47
Support S1 135.19 -0.94%
S2 133.53 -2.15%
S3 133.48 -2.19%

LEA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 20, 2024 Mar 07, 2024 Mar 27, 2024 $0.770 0.532%
2 Nov 14, 2023 Dec 05, 2023 Dec 26, 2023 $0.770 0.544%
3 Aug 10, 2023 Aug 30, 2023 Sep 19, 2023 $0.770 0.563%
4 May 18, 2023 Jun 08, 2023 Jun 28, 2023 $0.770 0.546%
5 Feb 17, 2023 Mar 09, 2023 Jun 28, 2023 $0.770 0.546%

FAQ

What is the symbol for Lear Corporation Stock and on which exchange is it traded?
The symbol for Lear Corporation is LEA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Lear Corporation Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Lear Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Lear Corporation Stock?
Lear Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Lear Corporation Stock.

What's the current price of Lear Corporation Stock?
As of the end of day on the Apr 26, 2024, the price of an Lear Corporation (LEA) share was $136.47.

What is the 52-week high and low for Lear Corporation Stock?
The 52-week high for Lear Corporation Stock is $157.91 and the 52-week low is $117.79.

What is the market capitalization of Lear Corporation Stock?
As of the Apr 26, 2024, the market capitalization of Lear Corporation is 7.613B.

When is the next earnings date for Lear Corporation?
The upcoming earnings date for Lear Corporation is Apr 30, 2024.
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About Lear Corporation

Lear Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as l... LEA Profile

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